Capital markets have been transformed into a political utility since the 2008 financial crisis, meaning the state recognizes that 'number go up' is necessary for social fabric stability; as long as political stability holds, the number will go up, but this is not based on fundamentals or genuine productive returns.

causalpending

Speaker

Ben Hunt

Evidence Quote

“Capital markets have been transformed into a political utility since the great financial crisis... so long as we have political stability right the number will go up... the state recognizes that the number must continue to go up for social the social fabric to remain intact”

Source

Making Sense of Markets in a Post Election World | Grant Wiliams and Ben Hunt— Excess Returns
Created: 8/11/2026, 7:30:05 AM

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